Ann: Extension of Convening Period, page-4

Its no surprise they have had to extend the period. The previous period terminated on the 29th Sept. With CNNC pulling out of exercising their option and with the administrators awaiting the results for the applicability of the "upgrade" tech for processing the ore, the previous timetable was going to have to be extended. I dont think they will need until 31st Jan 2018, we will get an outcome before then. They may need to do another valuation of LHM in terms of a restructured deal particulary when the results come in. But, i dont see any evidence of liquidators being called in , rather they are looking to work out a deal. Even the original deals put forward earlier this year had quite long time tables to get approved , this timetable proposed by Woods does not seem unreasonable or unexpected.